Robert Wright of the Financial Times is reporting that operators of Mediterranean ports warn of overflowing storage yards in the latest threat to the supply chain. He writes:
Container ports around the western Mediterranean are nearing full capacity, raising the risk of higher inventory costs and component shortages for Europe’s retailers and manufacturers in the latest challenge to the region’s supply chains. Port executives said they were dealing with overflowing storage yards and waits for vessels to berth following Houthi attacks on ships in the Red Sea, which has led to cmda surge in traffic at Algeciras and Barcelona in Spain and Tangier-Med in Morocco.
Port executives said they were dealing with overflowing storage yards and waits for vessels to berth following Houthi attacks on ships in the Red Sea, which has led to a surge in traffic at Algeciras and Barcelona in Spain and Tangier-Med in Morocco. […]
He said lines were using facilities as far away as Malta and Italy’s Gioia Tauro.
Read more here.
